Tuesday, January 31, 2017

India would remain fastest growing major economy in the world.

 

The survey pegs GDP growth rate at constant market prices for the current year 2016-17 at 7.1 per cent. It also said, Agriculture sector is projected to grow at 4.1 per cent in the current year which is up from 1.2 per cent in 2015-16. Government expects the real Gross Domestic Products, GDP to be in the range of 6.75 percent to 7.5 per cent during 2017-18 financial year.

The survey asked the government to remain vigilant to prevent spike in prices of items like pulses, sugar, milk, potatoes and onion. The survey sees fiscal windfall from Pradhan Manttri Garib Kaalyan Yojan and low oil prices.

The Survey admits that demonetisation has had short-term costs but holds the potential for long-term benefits. Early evidence suggests that digitalization has increased since demonetisation. Additionally, remonetisation will ensure that the cash crunch is eliminated by April 2017.

It said, the cash squeeze in the meantime will have significant implications for GDP, reducing 2016-17 growth by 0.25 per cent to 0.5 percentage points compared to the baseline of 7 percent. It also predicted, retail inflation will be well below RBI's target of 5 per cent in the current fiscal as demonetisation would discourage any price headwind. 

According to th survey, growth in the industrial sector is estimated to moderate to 5.2 per cent in 2016-17 from 7.4 per cent the previous year. It said, the GST will create a common Indian market, improve tax compliance and governance, and boost investment and growth. 

It also called for cut not just in individual income tax rates and a timetable for reducing the corporate taxes but also for widening the net to progressively encompass all high incomes.

The Survey also listed the some of the challenges that might impede country’s progress. The challenges are ambivalence about property rights and the private sector, deficiencies in State capacity, especially in delivering essential services and inefficient redistribution. 

The Economic Survey also stated that the inter-state migration of labour is significantly higher than previous estimates.

The Survey highlighted difficulties in privatizing public enterprises, even for firms which according to economists belong to the private sector. In this context, the Survey pointed towards the need to further privatize the Civil Aviation, Banking and Fertilizer sectors.

It also pointed out that the capacity of the State in delivering essential services such as health and education is weak due to low capacity, high levels of corruption, clientelism, rules and red tapism. At the level of the states, competitive populism is more in evidence than competitive service delivery. 

The Survey notes that over the past two years, the government has made considerable progress toward reducing subsidies, especially related to petroleum products. Technology has been the main instrument for addressing the leakage problem and the pilots for direct benefit transfer in fertilizer represent a very important new direction in this regard.

Hero India Open 2017 


9 Mar – 12 Mar, 2017
Venue DLF Golf & Country Club, Golf Course Road, Gurgaon
Prize Money US $1750000;

European Tour and Asian Tour Co-Sanction

Home-grown talented players ,Chawrasia, Lahiri, Gaganjeet Bhullar, Jeev Milkha Singh, Jyoti Randhawa, Arjun Atwal, Rashid Khan, Shiv Kapur and Rahil Gangjee.
Hero MotoCorp chairman Pawan Munjal said, “Indian golf is at a very exciting juncture, as it has begun making a mark on virtually all golf Tours across the world. The Hero Indian Open is on the European Tour platform for the third year in a row and the field has steadily become stronger. Amidst this the exciting news is that Indian players have still managed to hold their own, having won the title last two editions.”
The event is the first men s international event to be played at the Gary Player course at the DLF Golf and Country Club.  Media deliberations  after the address by the Guest  the pertinent question were raised with fervent  response  from the players and authorities.
Image may contain: 5 people, people sitting
Image may contain: 1 person, sitting and indoor
Image may contain: 3 people, people smiling, suit
Image may contain: 8 people, people sitting, living room and indoor
Image may contain: 19 people, people sitting and indoor
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BRICS Cities: What are we comparing?

The term BRIC was used initially in an analytical sense to refer to a grouping of countries beyond the West with the potential to reconfigure the geography of the global economy. After 2009 however it referred to a political alliance with geopolitical intentions (with BRIC becoming BRICS when South Africa joined in 2010). The construct is under pressure in terms of its analytical and political use as BRICS economies have become increasingly differentiated in terms of economic performance and as severe diplomatic tensions have emerged within the alliance.
In this seminar Philip discuss ongoing comparative work on cities in the BRICS, a grouping of countries that account for nearly 40% of the world’s total urban population. With the enormous diversity of the BRICS in almost all categories – including scale, economic performance, levels and rates of urbanisation, income and governance – questions arise over the meaning and purpose of comparison. We discuss the challenge of comparison but nevertheless show how very different places can be drawn into a meaningful comparative conversation. There is however a significant point of commonality. All countries in the BRICS have experienced far-reaching political and/or economic transformations over the past few decades in a way that the global West has not.
In the presentation we show how these macro changes have been translated into urban change, but also show how differences in the national and local management of these processes account in part for significant differences (and similarities) across the BRICS in terms of urban outcomes. We use the different trajectories of metropolitan governance as an illustrative case.
Philip Harrison is the South African Research Chair in Spatial Analysis and City Planning funded by the National Research Foundation and hosted by the University of the Witwatersrand, Johannesburg. He served as a member of the National Planning Commission in the Office of the President from 2010 to 2015.  Previously, Prof. Harrison was Executive Director in Development Planning and Urban Management at the City of Johannesburg for 4 years from 2006 to 2010. Prior to that, he held a number of academic positions at the Universities of the Witwatersrand and Natal, including Professor and Chair of Urban and Regional Planning at Wits from 2001 to 2006. He has published widely in the fields of city planning and regional and urban development. His most recent publication is the jointly edited book Changing Space, Changing City: Johannesburg after Apartheid.

Hero India Open 2017 enter Euro-asia

9 Mar – 12 Mar, 2017
Venue DLF Golf & Country Club, Golf Course Road, Gurgaon
Prize Money US $1750000;

European Tour and Asian Tour Co-Sanction

Home-grown talented players ,Chawrasia, Lahiri, Gaganjeet Bhullar, Jeev Milkha Singh, Jyoti Randhawa, Arjun Atwal, Rashid Khan, Shiv Kapur and Rahil Gangjee.
Hero MotoCorp chairman Pawan Munjal said, “Indian golf is at a very exciting juncture, as it has begun making a mark on virtually all golf Tours across the world. The Hero Indian Open is on the European Tour platform for the third year in a row and the field has steadily become stronger. Amidst this the exciting news is that Indian players have still managed to hold their own, having won the title last two editions.”
The event is the first men s international event to be played at the Gary Player course at the DLF Golf and Country Club.  Media deliberations  after the address by the Guest  the pertinent question were raised with fervent  response  from the players and authorities.
Image may contain: 5 people, people sitting
Image may contain: 1 person, sitting and indoor
Image may contain: 3 people, people smiling, suit
Image may contain: 8 people, people sitting, living room and indoor
Image may contain: 19 people, people sitting and indoor

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